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 Video: What is a Stock Split?
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| Sunoco Logistics Partners is engaged in the transport, terminalling and storage of crude oil, natural gas liquids (NGLs) and refined products. Co.'s reporting segments are as follows: Crude Oil, which provides transportation, terminalling and acquisition and marketing services to crude oil markets throughout the southwest, midwest and northeastern U.S.; NGLs, which transports, stores, and executes acquisition and marketing activities utilizing a network of pipelines, storage and blending facilities, and off-take locations that provide access to several NGLs markets; and Refined Products, which provides transportation and terminalling services. According to our SXL split history records, SXL has had 2 splits. | |
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SXL (SXL) has 2 splits in our SXL split history database. The first split for SXL took place on December 05, 2011. This was a 3 for 1 split, meaning for each share of SXL owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. SXL's second split took place on June 13, 2014. This was a 2 for 1 split, meaning for each share of SXL owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split.
When a company such as SXL splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the SXL split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SXL shares, starting with a $10,000 purchase of SXL, presented on a split-history-adjusted basis factoring in the complete SXL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
05/01/2017 |
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| Start price/share: |
$44.98 |
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| End price/share: |
$23.94 |
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| Starting shares: |
222.32 |
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| Ending shares: |
258.46 |
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| Dividends reinvested/share: |
$4.60 |
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| Total return: |
-38.13% |
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| Average Annual Total Return: |
-17.09% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,187.28 |
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| Years: |
2.56 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
05/01/2017 |
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| Start price/share: |
$44.98 |
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| End price/share: |
$23.94 |
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| Dividends collected/share: |
$4.60 |
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| Total return: |
-36.56% |
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| Average Annual Total Return: |
-16.28% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,343.31 |
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| Years: |
2.56 |
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| Date |
Ratio |
| 12/05/2011 | 3 for 1 | | 06/13/2014 | 2 for 1 |
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